Conor is a founding member of BitcoinNetwork.ie, a Bitcoin policy group in Ireland. He also does SEO for Bitcoin Magazine. Fix the money, the rest will take care of itself.
Fiat money is tender not backed by a tangible asset or commodity like gold. It’s usually mandated by governments & leads to corrosive effects on society.
Learn about the Proof of Work consensus mechanism, a fundamental security measure used by Bitcoin. Understand its role in verifying transactions, maintaining the integrity of the network and reducing emissions.
Proof of stake (PoS) is an inferior consensus protocol to Proof of Work. It’s chosen by cryptocurrency founders as a way to decide which user or users can validate new blocks of transactions, without being constrained by a physical cost.
Unit of AccountUnit of account is the thing that measures the value of goods and services. It's an essential function for something to be money. In simple terms,...
Store of ValueThe concept of a “store of value” refers to goods that are capable of retaining or increasing their worth over time rather than declining in value. This...
Medium of ExchangeAs society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable...
A paper wallet is an early method used to protect bitcoin offline. Better methods have replaced it, but people still use paper wallets to store bitcoin safely and inexpensively.
After you receive bitcoin, you’ll need to store it in a secure digital wallet. This guide helps you understand what a wallet is and how there are different wallets to suit your needs.
